Erdoğan gambles on economy amid protests and rocketing inflation
Turkey’s president is gambling that a strong economic recovery from the pandemic will stay on track despite rocketing inflation that has hit living standards and sparked protests in major cities.
The $750bn economy is on course to expand by 9% this year following a return of tourism and a surge in demand for exports that has pushed factory output to pre-pandemic levels.
However, Recep Tayyip Erdoğan’s declaration of an “economic war of independence” has pitched him against many in his own party and the country’s technocrats who fear an inflation rate running at 20% will create further bouts of social unrest.
“Some people who wanted to convey the opinion to the president that a different policy should be followed were not successful in this,” a
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